Bravo Sierra: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Bravo Sierra
Largest movements
- Receivables within one year +€20,427
up €20,427 (+100%), from €20,401 to €40,828
of which Other amounts receivable: +€20,250
- Other debts +€38,553
up €38,553 (+74.4%), from €51,843 to €90,396
- Profit (loss) carried forward -€13,318
no longer reported in 2025 (was €13,318)
- Reserves -€9,532
down €9,532 (-3.2%), from €298,532 to €289,000
- Gross operating margin -€10,816
down €10,816 (-10.7%), from €101,067 to €90,252
- Taxes -€8,108
down €8,108 (-31.6%), from €25,693 to €17,584
- Other operating charges -€3,770
down €3,770 (-70.3%), from €5,362 to €1,592
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €393,820 | €412,735 | +€18,915 | +4.8% |
| Fixed assets | 21/28 | €11,115 | €7,239 | -€3,876 | -34.9% |
| Tangible fixed assets | 22/27 | €11,115 | €7,239 | -€3,876 | -34.9% |
| Furniture and vehicles | 24 | €11,115 | €7,239 | -€3,876 | -34.9% |
| Current assets | 29/58 | €382,705 | €405,496 | +€22,791 | +6.0% |
| Amounts receivable within one year | 40/41 | €20,401 | €40,828 | +€20,427 | +100% |
| Trade receivables | 40 | €20,401 | €20,578 | +€177 | +0.9% |
| Other amounts receivable | 41 | - | €20,250 | +€20,250 | |
| Cash at bank and in hand | 54/58 | €360,264 | €362,089 | +€1,825 | +0.5% |
| Deferred charges and accrued income | 490/1 | €2,040 | €2,579 | +€539 | +26.4% |
| Total equity and liabilities | 10/49 | €393,820 | €412,735 | +€18,915 | +4.8% |
| Equity | 10/15 | €330,450 | €307,600 | -€22,850 | -6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €298,532 | €289,000 | -€9,532 | -3.2% |
| Distributable reserves | 133 | €298,532 | €289,000 | -€9,532 | -3.2% |
| Profit (loss) carried forward | 14 | €13,318 | - | -€13,318 | |
| Amounts payable | 17/49 | €63,371 | €105,135 | +€41,764 | +65.9% |
| Amounts payable within one year | 42/48 | €63,371 | €105,135 | +€41,764 | +65.9% |
| Trade debts | 44 | €1,405 | €800 | -€605 | -43.1% |
| Suppliers | 440/4 | €1,405 | €800 | -€605 | -43.1% |
| Taxes, remuneration and social security | 45 | €10,123 | €13,940 | +€3,817 | +37.7% |
| Taxes | 450/3 | €10,123 | €13,940 | +€3,817 | +37.7% |
| Other amounts payable | 47/48 | €51,843 | €90,396 | +€38,553 | +74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,880 | €3,876 | +€996 | +34.6% |
| Other operating charges | 640/8 | €5,362 | €1,592 | -€3,770 | -70.3% |
| Gross operating margin | 9900 | €101,067 | €90,252 | -€10,816 | -10.7% |
| Operating profit (loss) | 9901 | €92,825 | €84,783 | -€8,042 | -8.7% |
| Financial income | 75/76B | - | €540 | +€540 | |
| Recurring financial income | 75 | - | €540 | +€540 | |
| Financial charges | 65/66B | €279 | €193 | -€86 | -30.7% |
| Recurring financial charges | 65 | €279 | €193 | -€86 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €92,547 | €85,131 | -€7,416 | -8.0% |
| Income taxes | 67/77 | €25,693 | €17,584 | -€8,108 | -31.6% |
| Profit (loss) for the period | 9904 | €66,854 | €67,546 | +€692 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,854 | €67,546 | +€692 | +1.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.